TAFMvsGMMFETF Comparison
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AB Tax-Aware Intermediate Municipal ETF (TAFM) belongs to the Municipal Bonds segment. iShares Government Money Market ETF (GMMF) is part of the Money Market Bonds segment. TAFM's top 2 sector exposures are Municipal and Industrials. In contrast, GMMF's top sector exposures are Sovereign and Government Agencies. TAFM is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.2% for GMMF. TAFM is up 0.67% year-to-date (YTD) with +$342M in YTD flows. GMMF performs better with 2.31% YTD performance, and +$99M in YTD flows. Run a side-by-side ETF comparison of TAFM and GMMF below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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TAFM vs GMMF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAFM GMMF | -0.44%+0.32% | -0.74%+0.90% | +0.67%+2.31% | +4.80%+3.69% | n/an/a | n/an/a |
| Flows | TAFM GMMF | +$89M+$5M | +$185M+$30M | +$342M+$99M | +$463M+$128M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFM GMMF | +2.37%+0.10% | +2.42%+0.10% | n/an/a | n/an/a |
| Max drawdown | TAFM GMMF | -1.82%n/a | -2.61%n/a | n/an/a | n/an/a |
| Max drawdown duration | TAFM GMMF | 53dn/a | 116dn/a | n/an/a | n/an/a |
Trading data
TAFM | GMMF | |
Last sale | ||
| Previous close 08/28/2026 | ||
| Consolidated volume 08/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
TAFM | GMMF | |
|---|---|---|
| Last price | – | – |
| 1D performance | – | – |
| AuM | $784.02 M | $190.55 M |
| E/R | 0.28% | 0.2% |
Characteristics
TAFM | GMMF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | iShares |
| Benchmark | - | - |
| N° of holdings | 246 | 133 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | February 4, 2025 |
| ESG | No | No |
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Exposure
Countries
TAFM
USA
43.2%
Other
56.8%
GMMF
USA
98.55%
Other
1.45%
Sectors
TAFM
Municipal
42.96%
Other
57.04%
GMMF
Sovereign
81.73%
Government Agenci.
16.82%
Other
1.45%
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Diversification
TAFM
Total weight of top 15 holdings out of 15
7.53%
GMMF
Total weight of top 15 holdings out of 15
67.45%
Top 15 holdings
Data as of July 31, 2026
TAFM
Idaho, 4% 30jun2027, USD (2026)
0.73%
Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B)
0.64%
California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1)
0.53%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.52%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.52%
US7485082P22
0.52%
Wisconsin Public Finance Authority, 6.5% 30jun2060, USD (2025)
0.50%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.48%
Vail, 5.5% 1dec2064, USD (2025)
0.46%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
0.46%
Charleston School District, 5% 6may2027, USD (2026A)
0.44%
Miami-Dade School District, 4% 7jan2027, USD (2026)
0.44%
Freddie Mac Multifamily Variable Rate Certificates, FRN 25aug2041, USD
0.43%
US09182TKL07
0.43%
Wisconsin Public Finance Authority, 5.75% 30jun2060, USD (2025)
0.43%
GMMF
USA, Bills 0% 4aug2026, USD (119D)
16.57%
USA, Bills 0% 11aug2026, USD (119D)
13.09%
USA, Bills 0% 1oct2026, USD (364D)
6.52%
USA, Bills 0% 25aug2026, USD (119D)
5.97%
USA, Bills 0% 20aug2026, USD (182D)
5.65%
USA, Bills 0% 15sep2026, USD (119D)
3.65%
USA, Bills 0% 1sep2026, USD (119D)
2.39%
USA, Bills 0% 27aug2026, USD (182D)
2.21%
USA, Bills 0% 28jan2027, USD (182D)
1.96%
USA, Notes FRN 30apr2028, USD (BB-2028)
1.89%
USA, Bills 0% 18aug2026, USD (119D)
1.88%
USA, Bills 0% 3sep2026, USD (364D)
1.75%
USA, Bills 0% 6aug2026, USD (364D)
1.46%
USA, Bills 0% 17nov2026, USD (119D)
1.39%
Federal Farm Credit Banks, FRN 20oct2026, USD
1.08%
Frequently asked questions about TAFM and GMMF
How have the TAFM and GMMF ETFs performed in 2026?
As of August 28, 2026, TAFM is up 0.67% year-to-date (YTD), while GMMF has returned 2.31%. That puts GMMF better performer ahead so far this year.
Which ETF is attracting more investor money: TAFM or GMMF?
Year-to-date, the TAFM ETF saw +$342M in flows, compared to +$99M for GMMF.
Which ETF is more volatile: TAFM or GMMF?
Over the past year, TAFM had a volatility of 2.42%, while GMMF experienced 0.1%.
Which ETF is bigger: TAFM or GMMF?
As of August 28, 2026, TAFM holds $784.02 M in assets under management (AUM), while GMMF manages $190.55 M.
What sectors do the TAFM and GMMF ETFs invest in?
TAFM leans toward sectors like Municipal. Meanwhile, GMMF focuses on Sovereign and Government Agencies.
What are the top holdings of the TAFM ETF and GMMF ETF?
TAFM top holdings include Idaho, 4% 30jun2027, USD (2026), Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B) and California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1). GMMF holds in its top three: USA, Bills 0% 4aug2026, USD (119D), USA, Bills 0% 11aug2026, USD (119D) and USA, Bills 0% 1oct2026, USD (364D).
Which ETF is more diversified: TAFM or GMMF?
TAFM holds 629 securities with 7.53% of its assets in the top 15. GMMF has 141 securities and a top 15 weight of 67.45%.
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